Relative Value

The Relative Value of one CDX stock under the Base Case scenario is 0.3 AUD. Compared to the current market price of 0.03 AUD, Cardiex Ltd is Undervalued by 90%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

CDX Relative Value
Base Case
0.3 AUD
Undervaluation 90%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
66
vs Industry
11
Median 3Y
13.7
Median 5Y
32.3
Industry
2.4
Forward
1
vs History
vs Industry
Median 3Y
-4.8
Median 5Y
-11.5
Industry
22.5
vs History
vs Industry
50
Median 3Y
-5.5
Median 5Y
-15.9
Industry
14.4
vs History
vs Industry
40
Median 3Y
-6.6
Median 5Y
-15.4
Industry
20.9
vs History
87
vs Industry
13
Median 3Y
11
Median 5Y
22.3
Industry
2.3
vs History
65
vs Industry
11
Median 3Y
12.7
Median 5Y
32.4
Industry
2.6
Forward
0.9
vs History
63
vs Industry
13
Median 3Y
15.6
Median 5Y
41.7
Industry
5.2
vs History
vs Industry
Median 3Y
-7.6
Median 5Y
-12.8
Industry
11.9
Forward
-5.9
vs History
vs Industry
Median 3Y
-7.6
Median 5Y
-12.8
Industry
16.4
Forward
-5.4
vs History
vs Industry
51
Median 3Y
-5.2
Median 5Y
-15.9
Industry
14.6
vs History
vs Industry
41
Median 3Y
-5.1
Median 5Y
-15.2
Industry
18.1
vs History
96
vs Industry
22
Median 3Y
12.5
Median 5Y
17.9
Industry
1.9

Multiples Across Competitors

CDX Competitors Multiples
Cardiex Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Cardiex Ltd
ASX:CDX
16.5m AUD 5.2 -1.1 -1.2 -1.2
US
Abbott Laboratories
NYSE:ABT
230.8B USD 5.4 16.5 21.8 30.7
US
Intuitive Surgical Inc
NASDAQ:ISRG
169B USD 18.5 64.8 50.4 60.5
US
Boston Scientific Corp
NYSE:BSX
156.6B USD 8.5 62.5 35 48.3
US
Stryker Corp
NYSE:SYK
149.2B USD 6.3 51.1 25.3 30.5
IE
Medtronic PLC
NYSE:MDT
118.2B USD 3.5 25.4 13.9 20
DE
Siemens Healthineers AG
XETRA:SHL
53.3B EUR 2.3 24.5 13.8 19.3
US
Becton Dickinson and Co
NYSE:BDX
55.7B USD 2.6 34.7 13.3 24
US
IDEXX Laboratories Inc
NASDAQ:IDXX
51.5B USD 12.8 52.2 37.6 41.7
US
Edwards Lifesciences Corp
NYSE:EW
47.5B USD 8.4 11.5 25.4 27.8
US
Resmed Inc
NYSE:RMD
42.4B USD 8.2 30.3 21.8 24.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AU
Cardiex Ltd
ASX:CDX
Average EV/EBITDA: 25.8
Negative Multiple: -1.2
N/A N/A
US
Abbott Laboratories
NYSE:ABT
21.8
13%
1.7
US
Intuitive Surgical Inc
NASDAQ:ISRG
50.4
25%
2
US
Boston Scientific Corp
NYSE:BSX
35
22%
1.6
US
Stryker Corp
NYSE:SYK
25.3
12%
2.1
IE
Medtronic PLC
NYSE:MDT
13.9
7%
2
DE
Siemens Healthineers AG
XETRA:SHL
13.8
14%
1
US
Becton Dickinson and Co
NYSE:BDX
13.3
11%
1.2
US
IDEXX Laboratories Inc
NASDAQ:IDXX
37.6
12%
3.1
US
Edwards Lifesciences Corp
NYSE:EW
25.4
12%
2.1
US
Resmed Inc
NYSE:RMD
21.8
10%
2.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
AU
Cardiex Ltd
ASX:CDX
Average EV/EBIT: 32.8
Negative Multiple: -1.2
N/A N/A
US
Abbott Laboratories
NYSE:ABT
30.7
23%
1.3
US
Intuitive Surgical Inc
NASDAQ:ISRG
60.5
27%
2.2
US
Boston Scientific Corp
NYSE:BSX
48.3
33%
1.5
US
Stryker Corp
NYSE:SYK
30.5
16%
1.9
IE
Medtronic PLC
NYSE:MDT
20
16%
1.2
DE
Siemens Healthineers AG
XETRA:SHL
19.3
19%
1
US
Becton Dickinson and Co
NYSE:BDX
24
27%
0.9
US
IDEXX Laboratories Inc
NASDAQ:IDXX
41.7
13%
3.2
US
Edwards Lifesciences Corp
NYSE:EW
27.8
13%
2.1
US
Resmed Inc
NYSE:RMD
24.8
12%
2.1